How does my Insurance Policy Work?

Insurance is complicated, but for most owners it is the most cost effective way to get a quality roof. You pay premiums every month. Why not have most, if not all, of your damage paid for by insurance?

All insurance policies contain three parts.

  1. The Deductible. This is the homeowner’s responsibility

  2. The Actual Cash Value (ACV) This is the amount the insurance company gives you to compensate you for your loss. It is calculated by subracting the depreciation from the Replacement Cost Value (RCV0

  3. Every year your roof ages, the value of your roof goes down. This is the depreciation. Some policies have replacement cost coverage. If your policy has replacement cost coverage you are bound by Texas House Bill 2102. Your insurance policy will release the depreciation after the homeowner shows proof of deductible payment.

Our project managers are experts at looking at your insurance policy, explaining it to you, and evaluating the overall scope of the project.